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Henderson Far East Income Ltd on Thursday said Asia was well-placed to take advantage of unique exposures to global investors, as it remained a hub for tech supply chains. The investor in companies in the Asia Pacific said net asset value per share rose 4.1% to 227.00 pence each as at August 31 from 218.00p a year ago. NAV total return was 11.9% in the financial year ended August 31, lower than the FTSE World Asia Pacific ex Japan index, which had a return of 13.0%. The company uses the index for comparison purposes, as it has no benchmark. Henderson said it paid a total dividend of 24.60 pence per share for financial 2024, up 1.7% from 24.20p a year ago. The company has been increasing its dividend every year for 17 years. Looking ahead, it said: ‘Asia is well-placed to take advantage of a number of unique exposures for global investors. It remains a hub for technology supply chains and is crucial to the development of AI given the strength in hardware and semi-conductor manufacturing for example. ‘There is an incredible opportunity for financial companies in markets such as Indonesia and India where hundreds of millions of bank accounts have been opened in recent years. Infrastructure continues to forge ahead with record levels of spend in India, in addition to a strong commitment to renewable energy.’ Henderson shares were 1.3% higher at 229.00 pence each on Thursday afternoon in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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